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by Michela Coricelli 27 July 2020 Tensions between the US and China and concerns about the increase in Coronavirus cases in some countries have weighed European stock exchanges for more than half the session. Milan yields over half a point, all the other price lists also weak. Frankfurt is also below par, which was in positive territory this morning.Yet Wall Street doesn't seem frightened by these factors. The New York stock exchange starts slightly contrasted with the flat Dow Jones and the Nasdaq which immediately runs to + 0.70%. The technological titles are the gasoline that drives the American markets.
Uncertainty, however, is also felt on the prices of the traditional safe haven asset, gold, which reaches a new all-time high at $ 1,944 an ounce (+ 2%), and then retraces to 1,935. The dollar is weak, with the single currency trading at 1.1740 against the greenback.